News: PBP Probiotec to acquire all of issued shares of South Pack Laboratories

Sept 20 (Reuters) - Probiotec Ltd (PBP)

• Entered into an agreement to acquire all of issued shares of South Pack Laboratories (Aust) Pty Ltd
• Initial cash component of $6 mln will be funded through an increase in Probiotec's current debt facilities
• Acquisition will be settled by way of an issue of 7.9 million fully paid ordinary pbp shares
• Acquisition is expected to be EPS accretive from completion
• SPL will continue to operate within its current production facility
• Acquisition will also be settled by a cash payment of $8 mln